Financial Data and Key Metrics - Total net revenues for Q3 2024 were RMB1.54 billion, with live streaming revenues at RMB1.13 billion and game-related services, advertising, and other revenues at RMB410 million [27][31] - Non-GAAP net income for Q3 2024 was RMB78 million, a significant improvement from the same period last year [7][37] - Mobile MAUs improved slightly to 84 million in Q3 2024 [8] - Paying users increased by 9.5% year-over-year to 4.6 million in Q3 2024 [29] - Gross profit margin was 13.2% in Q3 2024, down from 14.6% in the same period last year [33] - Total operating expenses decreased by 20.9% year-over-year in Q3 2024 [35] Business Line Performance - Game-related services, advertising, and other revenues reached RMB410.2 million in Q3 2024, up 209.3% year-over-year and 32.9% quarter-over-quarter, contributing 26.7% of total net revenues [6][11][28] - Game distribution revenue grew significantly, with total gross receipts through Huya's distribution channel increasing to over 20 times that of the year-ago period [11][44] - In-game item sales saw strong growth, with co-branded outfit skins sales exceeding RMB50 million during an initial release event [14][46] - Game advertising responded to increased summer demand, collaborating with popular games like Arena Breakout and World of Warcraft [15][46] Market Performance - Huya's content reached over 140 million users in September 2024, including users from other platforms [9][49] - The company maintained a leading market share in viewership for major eSports events like LOL Worlds 2024, with a year-over-year increase in market share [19] - Valorant tournaments saw a 160% increase in viewership compared to the previous edition, boosting the game's popularity on the platform [16] Strategic Direction and Industry Competition - The company is focusing on enhancing game-related services, including game distribution, in-game item sales, and advertising, to diversify revenue streams [6][11][24] - Huya is strengthening collaborations with game developers and content platforms to expand its reach and explore new commercialization opportunities [10][24][48] - The company is investing in in-house content initiatives, such as self-produced eSports tournaments and entertainment shows, to create influential and commercially valuable event IPs [20][24][60] - Huya is leveraging its expertise in live streaming to introduce innovative features, such as integrating Honor of Kings bullet chatting gameplay mode, to enhance user engagement [22][23] Management Commentary on Operating Environment and Future Outlook - Despite macroeconomic challenges, the company achieved stable year-over-year operating performance and is optimistic about the growth potential of game-related services [7][24] - Management expects live streaming revenue to face short-term pressure but believes the external economic environment will improve, providing flexibility for future growth [52] - The company plans to continue optimizing content costs and operational efficiency to improve profitability, with expectations of noticeable margin improvement in Q4 2024 [56][61] Other Important Information - As of September 30, 2024, Huya had cash and cash equivalents, short-term deposits, short-term investments, and long-term deposits totaling RMB8.1 billion [38] - The company repurchased $61.1 million worth of shares and paid special cash dividends totaling approximately $400 million to shareholders in 2024 [39][66][67] Q&A Session Summary Question: Updates on game-related services and future development plans [41] - Game-related services revenue reached RMB410 million in Q3 2024, up 209.3% year-over-year, driven by game distribution, in-game item sales, and advertising [42][44][46] - Huya plans to expand distribution services for more games, deepen collaborations with game developers, and enhance broadcaster initiatives to drive user engagement [44][46] - The company sees significant growth potential in the domestic gaming market, which exceeded RMB300 billion in sales revenue in 2023 [50] Question: Drivers of Q3 margin changes and future margin trends [55] - Gross profit margin declined to 13.2% in Q3 2024 due to a decrease in live streaming revenue outpacing cost reductions [56] - The company expects margin improvement in Q4 2024, driven by cost optimization and seasonal factors, with non-GAAP results showing noticeable year-over-year growth [61] Question: Shareholder return strategy and capital allocation [63] - Huya has approximately $900 million in cash and cash deposits, with no debt, and plans to continue allocating funds for business development and shareholder returns [64][65] - The company has returned approximately $400 million to shareholders through special cash dividends in 2024 and will consider future dividend plans based on Board approval [66][67] - Share repurchases totaled $61.1 million as of September 2024, with future strategies to be based on market conditions and stock liquidity [67]

Exhibit 99.1 HUYA Inc. Reports Third Quarter 2024 Unaudited Financial Results GUANGZHOU, China, November 12, 2024 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights · Total net revenues were RMB1,537.7 million (US$219.1 million) for the third quarter of 2024, compared with RMB1,664.3 million for the same period of 2023. ...

GUANGZHOU, China, Nov. 12, 2024 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2024.Third Quarter 2024 Highlights[1] Total net revenues were RMB1,537.7 million (US$219.1 million) for the third quarter of 2024, compared with RMB1,664.3 million for the same period of 2023. Game-related services, advertising and other revenues (formerly known as advertisi ...

-Earnings Webinar Scheduled for 7:00 a.m. ET on November 12, 2024- GUANGZHOU, China, Oct. 22, 2024 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today announced that it will report its third quarter 2024 unaudited financial results on Tuesday, November 12, 2024, before the open of U.S. markets. The Company's management will host a Tencent Meeting Webinar at 7:00 a.m. U.S. Eastern Time on November 12, 2024 (8:00 p.m. Beijing/Hong Kong time ...

浦银国际研究 浦银国际 财务模型更新 虎牙 （HUYA.US） 财务模型更新 | 互联网行业 虎牙（HUYA.US）：直播业务或承压， 游戏相关服务预计保持强劲 受直播业务疲软影响，我们预计公司三季度收入环比略微下降 1%至 人民币 15.3 亿元；调整目标价至 4.5 美元，维持"买入"评级。 考虑到用户打赏意愿较弱以及公司运营重点发展新业务，我们预计三 季度公司收入环比略微下降 1%至人民币 15.3 亿元，其中直播收入环 比下降 8%至 11.3 亿元，用户数将保持相对平稳；预计游戏相关服务 同比大幅增长至 3.8 亿元，收入占比提升至 25%；受直播收入下降以 及赛事成本影响，我们预计三季度公司毛利率环比下降 0.3pp 至 13.6%。 考虑到直播业务疲软影响，我们调整公司 2024E 收入预测至人民币 61.1 亿元；预计调整后净利润为 2.72 亿元，调整后净利率为 4.5%。随 着新业务收入占比的提升以及直播业务逐步企稳，我们认为公司未来 毛利率仍有提升空间。公司当前账面预计约有 8-9 亿美元现金价值， 与当前市值相当。公司已于 10 月 9 日除净，派发每股 1.08 美元特别 股息。我们 ...

GUANGZHOU, China, Sept. 4, 2024 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today announced that Mr. Raymond Peng Lei has been appointed by the Company's board of directors (the "Board") to serve as Acting Co-Chief Executive Officer ("Acting Co-CEO") and Chief Financial Officer of the Company, effective September 5, 2024. Mr. Lei will succeed Ms. Ashley Xin Wu as Acting Co-CEO and will jointly assume the duties of Chief Executive Officer ...

Business Overview - HUYA Inc is a leading game live-streaming platform in mainland China, operating in a duopoly market with DouYu (DOYU) [2] - The company has an overseas operation through Nimo TV, though it is much smaller compared to its domestic business [2] - HUYA's mobile MAUs reached 83.5 million in Q2 2024, up from 82.6 million in Q1 2024 and 82.9 million in Q2 2023, outperforming DOYU's declining MAUs [2] Strategic Transformation - HUYA is undergoing a strategic transformation to expand game-related services and advertising revenue while reducing reliance on live-streaming [1] - The transformation is driven by regulatory pressure and Tencent's decision to allow ByteDance's Douyin to livestream Tencent games, posing a significant threat to HUYA and DOYU [3] - HUYA is diversifying into game distribution, in-game item sales, and game advertising as part of its transformation [3] Transformation Progress - HUYA's game-related services and advertising revenue grew 152.7% in Q2 2024, accounting for nearly 20% of total revenue [4] - The growth is driven by coverage of evergreen games, promotion of DnF Mobile, in-game item sales for popular titles, and innovative game advertising through interactive variety shows [4] - Management expects double-digit growth in game-related services and advertising revenue in Q3 2024 compared to Q2 [4] Financial Highlights - HUYA declared a special dividend of $1.08 per share, representing a 23% dividend yield based on the current stock price [5] - The company is renewing its $43.3 million share repurchase program as part of a $100 million program announced in August 2023 [5] - As of June 30, 2024, HUYA had cash and equivalents of RMB 8.2 billion ($1.14 billion), sufficient to cover the $300 million total cash outlay for dividends and share repurchases [5] Market Performance - HUYA's stock price rose 14% after the Q2 2024 earnings release but fell 6.5% the following day, reflecting mixed market reactions to the special dividend [6] - The company's market capitalization of less than $1.1 billion is below its cash level of $1.14 billion, providing downside protection [6] Conclusion - HUYA's business transformation is showing early success, with significant growth in game-related services and advertising revenue [7] - The company's aggressive capital allocation, including special dividends and share repurchases, supports a conservative price target of $5.84 per share, 22% above the current market price [7]

浦银国际研究 财务模型更新 | 互联网行业 虎牙（HUYA.US）：收入环比转正， 派发特别股息 收入环比转正，宣派特别股息。公司 2Q24 收入为人民币 15.4 亿元， 同比下降 16%，环比增长 2.5%，略高于市场预期 0.6%。其中，直播收 入为 12.3 亿元，同比下降 28%，主要是行业疲软以及公司战略调整所 致；平台移动MAU增长至8,350万，主要得益于电竞赛事活动的成功； 季度付费用户为 450 万。由于自制内容增多导致内容成本提升，公司 毛利率同比下降 1.1pp 至 13.9%。但与此同时，自制内容有效提升了用 户活跃度从而节约了营销费用。二季度销售费用同比大幅下降 48%， 经营亏损收窄至 0.26 亿元，调整后净利润为 0.97 亿元，高于市场预期 20.9%；调整后净利率为 6.3%。此外，公司宣布派发 USD1.08/ADS 特 别股息，合计约 2.5 亿美元，对应当前股息率为 21%。截至二季度末， 回购计划额度剩余约 0.43 亿美元。 游戏相关服务增长保持强劲。2Q24 游戏相关服务、广告及其他收入为 3.1 亿元，同比增长 153%，环比增长 26.6%，收入贡献占比达 ...

HUYA Inc. (NYSE:HUYA) Q2 2024 Earnings Conference Call August 13, 2024 8:00 AM ET Company Participants Hanyu Liu - Investor Relations Junhong Huang - Acting Co-CEO & Senior Vice President Ashley Xin Wu - Acting Co-CEO & Vice President, Finance Conference Call Participants Maggie Ye - CLSA Ritchie Sun - HSBC Yiwen Zhang - China Renaissance Hanyu Liu Good day and good evening, and thank you for standing bye. Welcome to Huya's Second Quarter 2024 Earnings Webinar. I am Hanyu Liu from Huya's Investor Relations. ...

Exhibit 99.1 HUYA Inc. Reports First Quarter 2024 Unaudited Financial Results GUANGZHOU, China, May 13, 2024 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights · Total net revenues for the first quarter of 2024 were RMB1,504.0 million (US$208.3 million), compared with RMB1,962.5 million for the same period of 2023. · Net inc ...